Meesho Block Deal Worth ₹1,650 Cr: SoftBank Likely Seller

Meesho Block Deal: Meesho saw a block deal worth ₹1,650.4 Cr on Thursday, September 3, with 8 Cr shares, or 1.73% of the company's equity, changing hands. SoftBank unit is likely to be the seller, while the buyers have not been officially disclosed.

The shares changed hands at an average price of around ₹206 per share, below Meesho's previous closing price of ₹211.6. The transaction was larger than the sale initially indicated on September 2, when SoftBank was expected to sell around 7 Cr shares, or a 1.5% stake, for about ₹1,435 Cr.

Meesho shares closed 3.14% higher at ₹211.6 on September 2, taking the company's market capitalization to just under ₹97,900 Cr.

The stock was up 0.5% at ₹212.65 at 9:20 am on Thursday. Meesho shares have gained 11% over the past month and 17.11% so far in 2026.

A of 3 Sep, 10 AM

Details of Meesho Block Deal

Prior to the transaction, as per media reports, the Meesho holder had increased the proposed sale size to $173 million, or ₹1,634 Cr, from the earlier $151 million, or ₹1,435 Cr.

SoftBank was expected to sell the shares through its investment vehicle SVF II Meerkat DE. The floor price for the proposed transaction was set at ₹205 per share.

SVF II Meerkat DE held an 8.60% stake in Meesho at the end of the June 2026 quarter, according to the company's shareholding pattern. Bank of America and JP Morgan were expected to be the bankers for the transaction.

At the end of the June quarter, promoter entities held 16.41% in Meesho, while public shareholding stood at 83.59%.

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Meesho Sees Third Block Deal in About a Month

Thursday's transaction is the third large block deal involving Meesho in about a month, after those of 4 August and 24 August.

On 24 August, Y Combinator sold 4.85 Cr shares, representing a 1.05% stake, through a block deal for around ₹970 Cr. The shares were sold at an average price of ₹200.01.

Four disclosed buyers participated in the transaction:

• Nippon India Mutual Fund

• HDFC Standard Life Insurance Company

• Edelweiss Mutual Fund

• Franklin Templeton

Their cumulative purchase amounted to 2.34 Cr shares worth around ₹469.4 Cr. The remaining shares were bought by other investors whose identities were not disclosed in the exchange data at the time.

Conclusion: What Does This Mean for Investors?

₹1,650 Cr block deal marks another sizable stake sale in Meesho within about a month, with a SoftBank unit likely to be the seller. The transaction follows Meesho's Q1 FY27 results, which showed a narrower loss, 48% year-on-year revenue growth and a 34% increase in NMV.

How Meesho Traded After the SoftBank Stake Sale

NSE records show the Meesho block deal on 3 September 2026 covered 8 crore shares at ₹206.30 each, about ₹1,650.4 crore, a 2.5% discount to the 2 September close of ₹211.60. NSE bulk deal data names SVF II Meerkat (DE) LLC, a SoftBank vehicle, as the seller. Block deal data lists the buyers, including Franklin Templeton schemes with a combined 1.525 crore shares, HDFC Life with 1.2 crore and Societe Generale (ODI) with 80 lakh. The block was about 4.6 times the 1.72 crore shares traded in the regular session that day.

The stock closed at ₹209.74 on 3 September, 0.9% below the previous close, while the Nifty 50 slipped 0.2% to 23,873.45. That close was 88.9% above the ₹111 IPO price. Its highest close in the next two weeks was ₹217.91 on 10 September, and it ended at ₹207.31 on 17 September, 2.0% below the pre-deal close and 0.5% above the block price.

From 2 to 17 September the Nifty 50 fell 2.7%, Nykaa fell 4.0% and Eternal fell 1.5%, while Swiggy rose 3.3%. The SoftBank sale was also the third large Meesho block in about a month, after Peak XV and Elevation Capital sold 5.24 crore shares each at ₹186 on 4 August and Y Combinator entities sold 4.85 crore shares at ₹200.01 on 24 August.